Monday, January 26, 2009

Iceland's govt. collapses under credit crunch...

Iceland's coalition government has collapsed under the strain of an escalating economic crisis. 

Conservative Prime Minister Geir Haarde announced the resignation of his cabinet, after talks with his Social Democratic coalition partners failed. 

He said he could not accept the Social Democrats' demand to lead the country. More...

See also:

  1. Iceland: angry protestors gate-crash national TV show...
  2. For Icelanders it's the morning after, a rude awakening...
  3. Icelanders, abandoned by Europe, go on shopping spree ... 
  4. Are Icelanders the happiest people on earth?

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